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A dynamic condition in which an individual is confronted with an opportunity,constraint,or demand related to what he or she desires,and for which the outcome is perceived to be both uncertain and important is:
Assets
Resources owned or controlled by a business or individual that are expected to produce future economic benefits.
Liabilities
Liabilities represent the obligations or debts that a company owes to others, which must be settled through the transfer of economic benefits like cash or goods.
Adjusted Trial Balance
A list of all accounts and their balances after adjusting entries have been made, used to verify the balance of debits and credits.
Current Assets
Resources anticipated to be cashed in, disposed of, or utilized within a year or the standard operating period of the company.
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